Image provided by: University of Oregon Libraries; Eugene, OR
About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Aug. 25, 1921)
4 THE OREGON DAILY . JOURNAL. PORTLAND. OREGON THURSDAY, AUGUST 25, 1821. PJEOOO IW BE INVOLVED N SWINDLE TRUST' Chicaro, An. 25. (L N. i 8.) The f Cauldron of frenzied finance, of which J Charles W. French and "Honest John" Worthtafc-ton are said to have een the "master minds," boiled over today. -; . Federal stents unearthed an entirely new list of alleaed conspirators, lnvolv in" 12 more prominent business men of the Middle West. This list was found among the personal papers, of. French. ' confiscated in Milwaukee along , witn 11.000,000 in bonds. , Vk' " I These papers also TeveaJed that the alleged ' arch-swindlers had used the names of such men as Henry Ford and I H. J. Firestone, multi-millionaire auto- mobile manufacturers, in several of their ? alleged "wildcat' schemes. i ; ,. i MAY 1HTOLTB f.t.MMH i . c - The nation-wide operation of Trench will involve $50,000,000-, government' in? J vestigators predicted late .Wednesday 1 night as new revelations in frenzied 1 Onance were brought to light. , i Seizure from a safety deposit vault in Cleveland of securities worth 19,050,000, j obtained "from 27 firms. The securities were in the possession of Elmer Oerber, : i One of French's lieutenants, who is under s arrest. - J- I Discovery In Cleveland of the hiding - f place of $10,000,003 more in-,- signed pro . I missory notes, A. A. Davis, t secretary . of the Ideal Tire A- Rubber -fca,' of Cleve I land, now in a receiver's hands, is t-s- ported to have said an agreement had v been made with French to handle $10, ." 000,000 worth of notes for his concern. ? DEF0SIT VAULT RAIDED 00V. It was a small concern, doing a nice little business in raincoats, mack In toshes and small rubber goods. Cams the time, about two years ago, when her employer met Franca. Business got good at once. Franca was sr wonder at seeing "possibilities." French and Kohn, ahe said, attempted to incorporate the concern for $25,000, but they ran into trouble with the llli noW "blue sky" laws. - Undaunted, French and her boas turned to Delaware. They Incorporated the concern in that stats for f 1.000,000. I1M.0M IS STOCK SOLD " Then, she told Clinnin. Kohn gave 070,- 000 in stock- to salesmen for disposing of $300,000 in stock to 3000 shareholders. Next they sprang the "big factory" idea.. . . . Kohn went to Centralis, 11U and rentad five acres of ground, announcing h was going to move his factory, from Cleve land to that town. Th. chamoer of com merce was enthusiastic It raised $50, 000 to ' help the promoters to bring the new factory to Centralis. There is no record of them having received any of the money back, she said. According to Miss Lieberman, Alfred E. Strelzln, the "boy Ponzi of Milwau kee," made a- speech in Centralia in be half of the factory and was warmly re ceived. Btrelzin is under arrest as one of French's confederates. - Be is head of the Reliance Outdoor Amusement com pany. ', ,.,r, :.; Wonderful pictures of the new Cen tralia factory were sent broadcast, ac cording to lllas XJebermaa. She said the photographs helped sell considerable new stock. ' S Meanwhile, there-is a -veritable "run" en the district attorney's office. Busi ness men from various parts of the country who ' have . been ' involved with French aae hurrying here to "get out from under." Alva B. Harshman, French's confiden tial secretary, who "squawked," .came to Clinnin late in the day and offered to tu-n over $500,000 in spurious securi ties t.lch he said belongs to the "trust," The notes are in safe keeping in MiV raukee. Cllnnin sent secret service men "after them. The district attorney said he already has a case that will warrant the indict ment of between 20 and 30 persons and put French behind the bars for a long time. His case reveals the astounding business activities of French. These seemingly endless activities, according to Clinnin, tnclnde an attempt- to obtain control of a string of banks with money borrowed on bogus securities, the pro posed formation of a fl.000.000.1to0 corporation- which would open -up the or resources of the West, the distribution all over .the country of more than $1,000,- 000 In worthless notes and forged eertifl eates' of deposits and the financing, of 10 Ohio companies on 12,000,000 la unse cured notes. 1 Raiding of a safety deposit vault in Akron, Ohio, rented by , Charles K. Strobel, Akron real estate man, who has been arrested In connection with the case and released on bonds. There are believed to have - been $1,000,000 worth of notes in the vault.' Every hour brings to light new deals involving French, the "genius ' gone wrong." They include, besides those al ready exposed, transactions with coal mines . jiear Carroll, Ills ; undertaking plants at Lorain, Ohio, and working arrangements with concernc In Canada and England. French's list of "sucker- firms" has grown from 17 in number to 3L A graphic "inside story" of how French pumped false life into the American Rubber company of which her boss, the wealthy Rudolph E. Kohn, was vice president was told to the district at torney Wednesday night by Miss Es ther Lleberman, confidential secretary to Kohn for years. Kohn is now In jail, having been arrested with French. Miss Lleberman, an alert dark-eyed young woman of 26, related a narrative which government officials believe is typical of the amazing financial feats performed by French. She said the American Rubber com pany, was incorporated in 1913 for 12, ' V I good news I In keeping with "Coffee Cup" policy of "more and better for less" Ju tcy, Roast Hot Beef beginning today badk to i :. o o Sandwiches WW. , low as they EVER wereand of the same, selected, No. 1 prime beef as heretofore. NOTE We buy 30 head of beef at a time, cut and nang tne roasts m our refrigerator three weeks for season ing, uerure serving. . r ' LOOK FOR THE STEAM IMG CUP. . ft Jm 11 ILIU:MP!1 IIMK0) Coap I Watch Wright' Window! SOOO I SCHOOL V3 TO PAIRS SHOES BUY N0W-SAVE-BUY HERE OFF III - "."a I.a.- v- ' i&&:'AmV.ln I III fr -c; I ir asfl 111 & Sandals 79c Ptror. darable and eeob Jait Us thing for the kiddle. Call re'- - ' : S to 79 ftVfcltO'- ft ega e e 79 4 V4 to 11 .....f80 im t t.... Ladies' aid Beys, ttt to I 91.48 ChUdren's i Dress Shoes l WHITE AD V Button and iSr bw Laee Hhoes S3T 1 Vey 98c Sizes t to 4Vi. no heel..... 98 'Sizes to 8, spring keel.. 98 Sizes 8 te 11, sprtag heel f 1.98 Sizes 11H to I, heel.... $1.98 Ouldren' Scuff en h Tan au siac. festtoa or laee. Sizes to 8 81.48 SUes 8 to 11 1.98 SUes HH to t 82.48 5 a tare Shsae Tees The Ideal footwear for rirls and boys for all-around sura mer wear heavy sewed soles, all reinforced, stitched seams. Boys' Eofush and brown, Shoes, pair Calfskin 1L 1 " i. Shoos, black . S2.98 flexible sewed soles. SUes 11 to 3, 82.98. 2 to 6V 83.83 Boys' Army Shoes iS Stronr brows calf kin, keary doable soles. Sizes 11 te ltv at 82.98 suet l 10 js at 83.48 Sizes tVt to H 83.99 Jn j& sja r m m m Strear Calf, skis Seaoel Shoes, sizes 11 to UV4 81.98 Sizes 1 te S. 82.48 Itt to SH at 82.98 MISSES' A7TD BOT8' Soft Brows Leatb. er, root'Form or EsflHb lasU Sizes S to 8 91.48 Sizes 8H to 11 91.98 11H to 1 92.48 11 CHILDREN'S OXFORDS SoK, Strons; Leather, ITltb . Ssbstantial Sewed Soles FOOTFORM AH MEDIUM TOES CbUdten's, 7 to 8. spring; beel Children's, 8 to 11. spring; heel... Misses'. 11 to 2, with Heels ;.. Growing Girls". sUes 2 to 7 ALE SIZES J2.9B Av-SjV' $1.98 English Shoes Xarrow er raed. ism toes la Black or Brow a Calfskin Shoei fVi to 8 83.98 11 to S at 83.48 Vk to 11 i $2.98 $2.98 Heel Shoes Black and Brow a Kid and. Cam k la Shoes s e m e w i t k cloth teptt tsJ' aes te J. Hlith, low aad media m ' keels. K $2.98 $3.98 Cuban Heels $4.98h U Low Heeb Military HeeU Browa and Maek kid or raH skla with Frearh, Cabaa.mil. itary er low heels, -narrow meeiSBi or aroad tees. Ten ue u here. 4SW m . I iVSK Browa and Maek kid or calf- " f v kla with Frearh, Cabaa.mil. A SJV 0v ,Ury r low "eels, -aarrow. Jf&& I . vV nedlam or broad tees. Tosr Am l&rC 3 ?4-98 ; . - S$3.98 v -"" II I BETWEEN WA8HISGTOS i5 ALDER STREETS OJf FOURTH SEND AIL ORDERS TO WRIGHTS, 131 4TH ST. f -H(3v (DruI ( Cq at. j r i f v GEiir chill ' SoaD Sale J-'-- Friday and Saturday in The Owl Drug Store l: LINOTYPE FOR SALE MERGENTHALER--Model 9 Nine Faces Four Molds ALSO COMPLETE GOING PRINTING PLANT 8x12 and 12x18 C. & P. Separate or not Ierms if desirecL Box E-546. Journal, ' - , . : a raw " V z,ir:!gtt&SD I - 1 Two Gakes for-19c FOR TWO DAYS ONLY Friday and Saturday. Aug. 26 and 27 (Special Quantity Price 6 Cakes for 50c J This famously good medicinal toilet soap is well known lo customers of The Owl Drug Stores; It finds a ready sale, at 19c a cake. For two days (Friday andSaturday) the price will be on a half-price baiis-r-two cakes for 19c. There's' a special quantity price, too6 cakes for '.5 Oc. Churchill Antiseptic Skhi Soap stands high in the limited group of successful medicated toilet soaps. Tal&e advantage of this half-price offer which is for Friday and Saturday only, A HIGH-GlEkSE ! AT PRE-WAR PRICES -1 2 Cakes for , the Price of 1 2 Boxes for the Price of 1 i, A. SCOTT, Maaagar Bfaaslway aaaj Washiafteei Sta. Marskall ZOOO BlaJI Orders Recefra Spocial Alton tioa r.T.l.l.l.LI.I.I.I.I.T.I.I.I.I.l.l.lJ.I.T.I.T.l.T.IJ.I.T.l.l.l.T.l.f.lJ.I.T.I.T.I.l.l.T.I.I.I.I.I.T.I.T.I.t.l Travel in Safety and Comfort Garry Travelers' Cheques Ordinarily your credit has no standing in strange places. Hotels and merchants are strongly opposed to S accepting personal checks. It ii unhandy and unsafe to carry cash while traveling. .The only solution is TRAVELERS' CHEQUES. We can sup ply you with them. - .t We also cMO Traveler? Letter of dredit payable in all parts of the world. . ilai dim in i a irpM V. a . 7 I 10